Olympia Masonic Building Association

Olympia, WAMutual-benefit / member-servingEIN 91-0790149Revenue −$4K in FY2024

On file with the IRSPo Box 4372, 98501-0372 · Olympia, WATax-exempt since Sep 1997

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Holding company for the Masonic lodge's real property.

Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $4K a year · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
404 mo
of spending, in cash
Looks good: 403.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$4K
+61% vs prior year
Spent
$2K
To programs
0%
Net assets
$112K
By yearFY2020–FY2024
Revenue
−$4K
FY2024▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020−$35K
FY2021$50K
FY2022−$16K
FY2023−$11K
FY2024−$4K
Expenses
$2K
FY20240%
Tap a bar for its year
Expenses by fiscal year
FY2020$817
FY2021$358
FY2022$330
FY2023$2K
FY2024$2K
Net assets
$112K
FY2024▼ -58%
Tap a bar for its year
Net assets by fiscal year
FY2020$339K
FY2021$357K
FY2022$328K
FY2023$264K
FY2024$112K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Olympia Masonic Building Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages real estate for Masonic Lodges.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Holding company for the masonic lodges real property.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
−$4K
Ln 12
Investment incomeLn 3$1K
Money outPt IX
$2K
Ln 25
Owns and owesPt X
$112K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1K
Total revenueLn 12−$4K
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$0
Cash and savings togetherLn 1–2$78K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.1M
Net assetsLn 32$112K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$198K$78K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$1.4M$1.2M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$264K$112K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$2K$0$0$0
Total functional expensesLn 25$2K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing −$4K$2K−$6K$112K 990 PDF
FY2023 −$11K$2K−$13K$264K 990 PDF
FY2022 −$16K$330−$16K$328K 990 PDF
FY2021 $50K$358$50K$357K 990 PDF
FY2020 −$35K$817−$36K$339K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary −$4,092 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year −$1,374$1,428
I-11 Other revenuePrior year −$9,154−$5,520
I-12 Total revenuePrior year −$10,528−$4,092
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,322$2,322
I-18 Total expensesPrior year $2,322$2,322
I-19 Revenue less expensesPrior year −$12,850−$6,414
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue −$4,092 across 3 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,428$1,428
VIII-6 Net rental income or lossRelated to mission $39,570 · Unrelated business −$45,090−$5,520
VIII-12 Total revenueRelated to mission $39,570 · Unrelated business −$45,090 · Excluded from tax $1,428−$4,092
Part IX · Statement of functional expenses $2,322 across 1 line filed
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$2,322
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,322
Part X · Balance sheet $1,227,558 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $60,560$78,085
X-2 Savings and temporary cash investmentsStart of year $136,953$0
X-10c Land, buildings and equipment, netStart of year $1,200,268$1,149,473
X-16 Total assetsStart of year $1,397,781$1,227,558
X-17 Accounts payable and accrued expensesStart of year $9,061$9,061
X-26 Total liabilitiesStart of year $1,133,885$1,116,029
X-32 Total net assets or fund balancesStart of year $263,896$111,529
X-33 Total liabilities and net assetsStart of year $1,397,781$1,227,558
Part XI · Reconciliation of net assets $111,529 net assets at year end
XI-1 Total revenue−$4,092
XI-2 Total expenses$2,322
XI-3 Revenue less expenses−$6,414
XI-4 Net assets at start of year$263,896
XI-9 Other changes in net assets−$145,953
XI-10 Net assets at end of year$111,529

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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